Ghisallo Capital Management LLC Invests $5.20 Million in CareTrust REIT, Inc. $CTRE

Ghisallo Capital Management LLC purchased a new stake in shares of CareTrust REIT, Inc. (NYSE:CTRE) in the 3rd quarter, Holdings Channel reports. The fund purchased 150,000 shares of the company’s stock, valued at approximately $5,202,000.

A number of other large investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in CareTrust REIT by 134.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $34,000 after purchasing an additional 644 shares in the last quarter. Heritage Wealth Advisors raised its position in CareTrust REIT by 42.9% during the 3rd quarter. Heritage Wealth Advisors now owns 1,000 shares of the company’s stock valued at $35,000 after purchasing an additional 300 shares in the last quarter. Farther Finance Advisors LLC raised its position in CareTrust REIT by 75.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,492 shares of the company’s stock valued at $52,000 after purchasing an additional 640 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of CareTrust REIT in the 3rd quarter worth $54,000. Finally, State of Wyoming purchased a new stake in shares of CareTrust REIT in the 3rd quarter worth $65,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

CTRE has been the topic of several research reports. Cantor Fitzgerald raised their price target on CareTrust REIT from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Jefferies Financial Group upped their price objective on shares of CareTrust REIT from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Wells Fargo & Company increased their target price on shares of CareTrust REIT from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. KeyCorp raised their target price on shares of CareTrust REIT from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Finally, Weiss Ratings upgraded shares of CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 26th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, CareTrust REIT presently has an average rating of “Buy” and a consensus price target of $42.80.

CareTrust REIT Trading Down 0.2%

NYSE:CTRE opened at $40.01 on Friday. CareTrust REIT, Inc. has a 52 week low of $25.82 and a 52 week high of $41.72. The firm has a 50 day moving average of $38.58 and a 200 day moving average of $36.54. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 2.72 and a beta of 0.74.

CareTrust REIT (NYSE:CTRE) last announced its earnings results on Thursday, February 12th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. CareTrust REIT had a net margin of 67.28% and a return on equity of 8.98%. The company had revenue of $134.86 million during the quarter. CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS.

CareTrust REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.34. CareTrust REIT’s payout ratio is 86.45%.

About CareTrust REIT

CareTrust REIT, Inc is a real estate investment trust based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.

Since its initial public offering in September 2013, CareTrust REIT has pursued a disciplined acquisition strategy, targeting properties in primary and select secondary markets.